Sunday, September 30, 2018
08:00 AM / Proshare Content
Nigeria: Economic Dashboard @ 280918
From the Editor’s Desk
According to the Central Bank of Nigeria, one-year deposit fell from 10.26% in July to 9.95% in August 2018, sustaining the earlier downward tilt witnessed across board with regard to short-term rate.
However, the prime lending in the period under review also dipped from 16.83 in July to 16.65% in August, making it 6 months of consecutive decline in the prime lending rate.
The maximum lending rate nudged upwards, from 31.09% in July to 31.93% in August, therefore diverging from the earlier downward trajectory. The spread between the maximum lending rate and the deposit rate caved outwards to 27.86% and at the same time underpinning the cash hedging which has led to such wide spread between the maximum lending rate and deposit rate.
Fig 1: Money Market Indicator
Net domestic credit shrug off earlier fall in the month of June, to rise from N25.568 trillion to N26.658 in July. Therefore reflective of a 3.25% increase compared to the previous month.
Regardless, the slip in credit to the private sector have hampered the growth in net domestic credit. Certainly, the growing proximity to the election cycle will further embolden headwinds to net domestic credit.
Fig 2: Net Domestic Credit
Monday, October 01, 2018
Nigeria’s 58th Independence Day Celebration holds today.
Tuesday, October 02, 2018
The LagosMSMEFair will commence on this day with the theme Enhancing Product Quality for Global Competitiveness in Lagos while the Efina Media Roundtable will hold same day titled The Role of Media in Driving Financial Inclusion in Lagos
Wednesday, October 03, 2018
SUSTAINABILITY IN WORKPLACE MASTERCLASS 5.0 will hold this day with the theme Building workforce and Green leaders for sustainable business in Lagos while the Nigeria Customer Service Experience Management Conference holds same day with the theme Unleashing the Digital Experience in Lagos.
Thursday, October 04, 2018
Morison Industries Plc, will on this day hold its Annual General Meeting in Lagos while the DCSL Corporate Governance Masterclass will hold same day with the theme Enthroning Good Governance in Microfinance Banks in Lagos
Friday October 05, 2018
AIICO Insurance PLC will on this day hold its Extra Ordinary Meeting in Lagos
Check out our for event details and follow us on , , and for updates as the week unfolds. Yours to Serve!
Contact for Details:
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